Luxembourg’s state-owned bank Spuerkeess has announced its decision to partner with post-trade services provider Clearstream for the execution and distribution of its investment fund business.
The move underscores the shared heritage and identity of the institutions, both of which are headquartered in Luxembourg.
By leveraging Clearstream’s trade dealing and execution platform, Vestima, Spuerkeess aims to consolidate its mutual and alternative funds businesses, thereby enhancing operational efficiency and cost-effectiveness.
This collaboration is expected to provide Spuerkeess with the highest standards of asset safety and streamlined fund processing operations, including trading, post-trading, and trailer fees. Additionally, Spuerkeess will gain access to Clearstream’s extensive suite of services,…
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